América Móvil Reopens Ps.10 Billion of Senior Notes

Cleary Gottlieb represented América Móvil S.A.B. de C.V. in the reopening of two series of the company’s senior notes totaling Ps.10 billion. The transaction comprised a Ps.3,500,000,000 reopening (approximately $190 million) of América Móvil’s 10.125% Senior Notes due 2029 and a Ps.6,500,000,000 reopening (approximately $354 million) of its 10.3% Senior Notes due 2034, for a combined total of Ps.10 billion (approximately $544 million). The offering was conducted as a takedown of América Móvil’s SEC‑registered shelf registration statement; the notes were concurrently offered in Mexico and registered with the Comisión Nacional Bancaria y de Valores. The reopened notes form part of the same series as, and are fungible with, previously issued notes originally offered in 2024 and subsequently in July 2025. América Móvil intends to use the net proceeds for general corporate purposes, including repayment of outstanding indebtedness. An amount equal to the net proceeds of the 2034 notes is intended to finance or refinance, in whole or in part, expenditures and investments in new or existing eligible projects under América Móvil’s sustainable finance framework. The notes will be listed on the Luxembourg Stock Exchange and the Mexican Stock Exchange. BofA Securities, Goldman Sachs & Co. LLC, Santander and Scotiabank acted as joint bookrunners. The transaction priced on November 19, 2025 and closed on November 25, 2025. Cleary Gottlieb represented client(s) América Móvil S.A.B. de C.V. with a team composed by: the corporate team of partners Duane McLaughlin and Manuel Silva and associates José Andrés de Saro, Nicole Mueller and Cosmo Albrecht. Partner Matthew Brigham and associate Samuel Kramer provided tax advice, with assistance from law clerk Seth Stancroff.

América Móvil Reopens Ps.10 Billion of Senior Notes

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